Moody's Ratings places Viad's ratings under review for upgrade following the announcement of debt reduction after the sale of its GES segment
Moody's Ratings (Moody's) has placed Viad Corp's ("Viad") ratings under review for upgrade, including the B2 corporate family rating ("CFR"), B2-PD probability of default rating ("PDR"), and B2 ratings on the senior secured first lien bank credit facilities due 2026 and 2028. The speculative grade l...Viad is an experiential services company with operations in the U.S., Canada, the U.K., continental Europe, and the United Arab Emirates. The company operates through two business groups: GES U.S. and GES International, which is a live events company that produces exhibitions, conferences, corporate events, and consumer events including audio-visual services from technology to content and design, along with registration, data analytics, engagement, and online tools powered that help clients manage their events; and Pursuit, which is a collection of travel experiences that include recreational attractions, hotels and lodges, food and beverage, retail, sightseeing, and ground transportation services.
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